BTCUSDT is Bearish

Dear Trader,

I hope this message finds you well. I wanted to share some insights regarding BTCUSDT's recent price action. As per my analysis, BTCUSDT has broken out of the trendline support with a bearish engulfing candle, which can be considered the first sign of bullish exhaustion and a possible bearish reversal. However, it's essential to keep in mind that the price must break the static support level to confirm the bearish trend.

I would love to hear your thoughts on the current BTCUSDT situation. Kindly share your views in the comments section below.

Best regards.